SG Americas Securities LLC Acquires 3,554 Shares of Aris Water Solutions, Inc. (NYSE:ARIS)

SG Americas Securities LLC increased its holdings in shares of Aris Water Solutions, Inc. (NYSE:ARIS) by 48.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 10,941 shares of the company’s stock after acquiring an additional 3,554 shares during the quarter. SG Americas Securities LLC’s holdings in Aris Water Solutions were worth $262,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the business. Kings Path Partners LLC lifted its holdings in shares of Aris Water Solutions by 2.6% during the third quarter. Kings Path Partners LLC now owns 67,234 shares of the company’s stock worth $1,134,000 after buying an additional 1,735 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in Aris Water Solutions during the 3rd quarter valued at $39,000. New York State Teachers Retirement System raised its stake in Aris Water Solutions by 2,346.0% during the 3rd quarter. New York State Teachers Retirement System now owns 2,446 shares of the company’s stock valued at $41,000 after purchasing an additional 2,346 shares during the last quarter. Inspire Investing LLC boosted its holdings in Aris Water Solutions by 11.0% in the 3rd quarter. Inspire Investing LLC now owns 24,518 shares of the company’s stock valued at $414,000 after purchasing an additional 2,434 shares during the period. Finally, Janus Henderson Group PLC grew its position in Aris Water Solutions by 7.0% in the 3rd quarter. Janus Henderson Group PLC now owns 40,596 shares of the company’s stock worth $685,000 after purchasing an additional 2,663 shares during the last quarter. Institutional investors own 39.71% of the company’s stock.

Aris Water Solutions Trading Down 0.4 %

Shares of ARIS opened at $25.86 on Thursday. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.62. The stock has a market cap of $1.51 billion, a PE ratio of 32.32 and a beta of 1.94. Aris Water Solutions, Inc. has a 1 year low of $8.31 and a 1 year high of $30.40. The stock has a 50 day simple moving average of $26.05 and a 200-day simple moving average of $20.74.

Analyst Ratings Changes

ARIS has been the subject of a number of research analyst reports. US Capital Advisors lowered shares of Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a research report on Tuesday, November 26th. The Goldman Sachs Group upped their price target on Aris Water Solutions from $21.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Stifel Nicolaus lifted their price objective on Aris Water Solutions from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Wells Fargo & Company boosted their price objective on Aris Water Solutions from $21.00 to $26.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 18th. Finally, Evercore ISI cut Aris Water Solutions from an “outperform” rating to an “in-line” rating and raised their target price for the stock from $25.00 to $27.00 in a research report on Wednesday, January 15th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $26.50.

Insider Buying and Selling at Aris Water Solutions

In other Aris Water Solutions news, Director Debra Coy sold 1,500 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $25.39, for a total transaction of $38,085.00. Following the sale, the director now directly owns 42,082 shares of the company’s stock, valued at approximately $1,068,461.98. This represents a 3.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder S Corp Gable sold 38,739 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $25.03, for a total transaction of $969,637.17. Following the sale, the insider now directly owns 3,111,738 shares of the company’s stock, valued at approximately $77,886,802.14. The trade was a 1.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,161,178 shares of company stock worth $106,845,859 over the last three months. Company insiders own 22.46% of the company’s stock.

Aris Water Solutions Company Profile

Aris Water Solutions, Inc, an environmental infrastructure and solutions company, provides water handling and recycling solutions. The company's produced water handling business gathers, transports, unless recycled, and handles produced water generated from oil and natural gas production. Its water solutions business develops and operates recycling facilities to treat, store, and recycle produced water.